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The rapid development of electronic technology at the end of the 20th century turned the world of betting upside down. Every year, betting moved more and more from land-based bookmakers and accepting bets by phone to online. As a result, by 2014, offline betting accounted for no more than 10% of the turnover of the global gambling market. At the same time, over half of the online market was in sports betting.
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Impact of technology and smartphones
In 2022, PCs held a significant share of about 48% of the gambling market. This can be attributed to the large screen size offered by the PC, allowing players to fully appreciate the details and graphics of the game.
However, smartphones are becoming more and more popular due to technological advances. The modern features and capabilities of smartphones have allowed developers to create visually appealing and realistic games. This allows you to expand access to online casinos, especially in regions where personal computers may not be as common or inaccessible for various reasons.
The gambling market covers various segments, including poker, sports betting, bingo and casino. In 2022, the sports betting segment held a dominant position with a market share of around 49%. This indicates a high demand and interest in this niche among fans of online gambling.
Partnerships between gambling software developers and private companies have played a critical role in expanding the market. Such cooperation helps to offer users an improved betting experience. One notable example of partnership is the alliance between Amazon and DraftKings Inc. The result is DraftKings, the exclusive live football betting app on Amazon’s Prime Video platform.
As for the future growth of the online gambling market, blackjack and virtual slot machines are expected to make a significant contribution to it. The growing popularity of these games, combined with the rapid development of casinos, is driving the growth of this segment. Players are attracted to games that offer fast gameplay and entertainment, making them more likely to engage in online gambling.
The influence of cryptocurrencies
Cryptocurrencies have a number of advantages that make them attractive to online casino players:
- Anonymity: Players can make transactions without revealing personal information.
- Fast transactions: deposits and withdrawals are almost instant.
- Low Fees: Cryptocurrency transactions often have lower fees compared to traditional payment methods.
In addition, the use of cryptocurrencies in online casinos can help overcome geographic restrictions and provide access to players from regions where traditional payment methods may be limited or inconvenient.
For example, one company with a large player base of around 4 million regular players is showing the growing popularity of online casinos that accept cryptocurrencies. As more players become familiar with cryptocurrencies and their benefits, it is likely that the number of online casinos accepting this payment method will grow.
Geography of gambling
According to statistics for 2022, Europe was the leader in the online gambling niche. The region accounted for more than 40% of the market. This is due to the fact that Europe has less strict rules regarding online gambling. Some countries allow gambling to be openly advertised to the general public.
In the near future, the rapid growth of the gambling market from the Asian region is expected. A significant role in this will be played by high rates of economic growth, as well as the gradual weakening of laws regarding gambling.
Given the statistics, we can conclude that in the near future, the development of technologies and the gradual lifting of restrictions on gambling will significantly affect the market. New regions, trends and approaches to advertising will appear. If there are problems with gambling in your country (including arbitration), use our proxies that will help you bypass the bans. Also, proxies make it possible to advertise abroad and use several advertising cabinets.